What is the state of university-based principal preparation programs? How are these essential training grounds of future school leaders viewed -- by themselves as well as by the school districts that hire their graduates? Do the programs need to improve? If so, by what means? This publication seeks to help answer those questions by bringing together findings from four reports commissioned by The Wallace Foundation to inform its development of a potential new initiative regarding university-based principal training. In addition to confirming close-to-unanimous agreement among university educators and school superintendents about the important role principals play in advancing student achievement, it finds five themes: